Noor Trends News, Technical Analysis, Educational Tools and Recommendations

November, 2024

• 18 November 2024 4:55 am

  Markets’ Weekly Recap: Stronger US dollar dominates performance of key assets

  

  Easing labour market conditions are expected to encourage the Fed to deliver a third interest rate cut next month, even as progress in lowering inflation has stalled. Markets now see a 76% probability of a 25-basis-point rate cut by the Fed in December. Gold has plunged over $170 following the …

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• 16 November 2024 12:16 am

  Dow erases recent gains, declines over 350 points

  

  The Dow Jones Industrial Average suffered a significant setback on Friday, plummeting over 350 points and erasing much of the recent post-election rally. This sharp decline reflects growing investor concerns about the economic outlook and potential policy shifts. A key factor contributing to the market’s downturn was the release of …

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• 15 November 2024 11:34 pm

  Fed’s Goolsbee: The Fed needs to focus on longer trends

  

  Federal Reserve Bank of Chicago President Austan Goolsbee noted on Friday that markets tend to overreact to interest rate changes and that the Fed should maintain a slow and steady approach to reaching the neutral rate.Key QuotesIn regards to a December rate cut or pause. I don’t like tying our …

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• 15 November 2024 9:05 pm

  Fed’s Collins sees no urgency to cut US interest rates

  

  Federal Reserve Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.Key QuotesThere’s no preset path for monetary policy.The economy is in a very …

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• 15 November 2024 8:26 pm

  Wall Street loses ground after Powell urges caution on rate cuts

  

  Wall Street’s main indexes fell on Friday after Federal Reserve Chair Jerome Powell said there was no need to rush interest rate cuts, pushing up U.S. Treasury yields and pressuring equities. Powell pointed to ongoing economic growth, a solid job market, and inflation above the Fed’s 2% target as reasons …

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• 15 November 2024 7:32 pm

  US Dollar Rallies as Fed Hints at Rate Pause, Geopolitical Tensions Rise

  

  The US Dollar surged on Friday, extending its winning streak to six consecutive days. This rally was primarily fueled by a shift in market sentiment following comments from Federal Reserve Chair Jerome Powell, who tempered expectations of an imminent interest rate cut.Powell’s hawkish tone, emphasizing the strength of the US …

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• 15 November 2024 6:52 pm

  Gold ignores US Retail Sales Data

  

  Gold prices remained relatively unchanged on Friday, showing resilience despite the release of Retail Sales data in the United States. The precious metal, which had dipped to a two-month low the previous day, found support near its 100-day Simple Moving Average (SMA).While US Retail Sales data indicated continued consumer spending, …

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• 15 November 2024 3:23 pm

  U.S. Stock Futures Drop as Powell’s Inflation Concerns Weigh on Markets

  

  U.S. stock index futures fell on Friday morning, setting up for a negative close to the week. At 05:30 ET (10:30 GMT), Dow Jones Futures dropped 190 points, or 0.4%, S&P 500 Futures declined by 35 points, or 0.6%, and Nasdaq 100 Futures lost 170 points, or 0.8%. This comes …

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• 15 November 2024 1:57 pm

  European Markets End the Week Lower, Technology and Healthcare Lead Declines

  

  The pan-European STOXX 600 index dropped 0.5% on Friday, heading toward its fourth consecutive weekly decline as technology and healthcare stocks led the losses. The index remained close to a three-month low, reflecting a week of negative sentiment and disappointing sector performance. The technology sub-index fell by 1.7%, with chipmaker …

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• 15 November 2024 12:38 pm

  Britain’s Economy Contracts in September, Growth Slows in Third Quarter

  

  Britain’s economy experienced an unexpected contraction in September, with growth nearly stagnating over the third quarter, dealing an early challenge to finance minister Rachel Reeves’ ambitions for a sustained economic boost. According to data from the Office for National Statistics, Gross Domestic Product (GDP) declined by 0.1% in September, as …

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• 15 November 2024 11:33 am

  Bitcoin Retreats from Record Highs Amid Cooling Optimism Over Trump Presidency and Rate Uncertainty

  

  Bitcoin pulled back from near record highs on Friday as enthusiasm over a Donald Trump presidency waned, while overall market sentiment weakened due to rising uncertainty about U.S. interest rates. The world’s largest cryptocurrency, which had recently climbed to unprecedented levels above $90,000 on speculation of favorable U.S. regulatory shifts …

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• 15 November 2024 10:51 am

  Gold Steadies but Set for Its Worst Weekly Loss in Over Three Years Amid Inflation and Fed Concerns

  

  Gold prices held steady during Asian trading on Friday but faced their worst weekly performance in more than three years. This decline comes as stronger-than-expected U.S. inflation figures and less dovish signals from the Federal Reserve have raised doubts about future interest rate cuts. The precious metal has also suffered …

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• 15 November 2024 1:04 am

  ECB Divided on Inflation Risks as Eurozone Economy Slows

  

  The European Central Bank found itself at a crossroads during its October meeting, with policymakers divided over the evolving inflation landscape in the Eurozone. As the region grapples with sluggish economic growth, the central bank has been forced to navigate a delicate balancing act between stimulating growth and maintaining price …

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